Plan with clear outlines

In 2015, Belarus to use over $2bn in oil export duties to repay foreign-currency state debt

In 2015, Belarus to use over $2bn in oil export duties to repay foreign-currency state debt

Belarus’ Finance Minister, Vladimir Amarin, has told the House of Representatives that, in 2015, Belarus’ state budget intends to earn over $2bn via export duties on oil products and customs duties, exporting oil extracted in the country. It will use the money to repay its foreign-currency state debt, both internal and foreign.

Taking into account borrowing opportunities on the global financial market, there are plans to use external finances of about $1bn to honour foreign-currency state debt commitments.

By Igor Stepanov
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